2020-12-31-accounts - International Animal Rescue

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				Page
Legal and administrative		information
Report ofthe trustees				2 —13
Report ofthe independent		auditors		14 —17
Statement offinancial	activities			18
income and expenditure		account		19
Statement ofcomprehensive income				19
Balance sheet				20
Cash flow statement				21
Notes to the financial	statements			22 —31
Detailed income and	expenditure		account	32-33

Registered	company	06035040
Registered	charity numberi	1118277
Trustees:		P G Bennett M.A.(Hons)(Cantab)			Dip.Ed.(NZ)
		—Chairman
		PCassar BSc(Hons)		BDS
		LMilella BVCc	DipEVDC MRCVS
		A irons (Resigned	5th February 2020)
		A Bruce (Appointed		25th February	2020)
Chief Executive Officer:		A Knight OBEBSc(Hons)
Chief Financial
Operating	ONcer:	G Bruce
Registered	ONce:	Lime House
		Regency Close
		Uckfield
		East Sussex
		TN22 1DS
Statutory Auditors:		Clark Brownscombe		Limited
		Chartered Accountants & Statutory			Auditors
		2 St Andrews Place
		Lewes
		East Sussex
		BN7 1UP
Principal bankers:		The Co-operative	Bank pic.
		242 High Street
		Exeter
		EX43QB
Solicitors:		Bennett, Griffin LLP
		Shelley House
		23 Warwick Street
		Worthing
		West Sussex
		BN11 3DG
Investment	Advisors:	Rathbone Greenbank		Investments
		10Queen Square
		Bristol
		BSI 4NT

Financial	im actofrisk	fI.Om
Workin	ca ital	fI.gm
Rin -fenced reserves		63.0m
Minimum	level
Ran e		f0.5m
Maximum	level

				Uarestricted	Restricted
				Funds	Funds	Total
			Notes	2020f	2020	2020 f	2019
INCOME
Donations and legacies
- Donations and grants				2473446	301,076	2,674,422	6,947,611
- Legacies				1,131,453		1,131,453	903,692
Investments
-Interest
-Cash deposits				410		410	1,989
-UK Fixed Interest		Securities		15,423		15,423	21,029
- Overseas Fixed	Interest Securities			5,979		5,979	2,956
- Dividends
- UK equities				38,420		38,420	59,035
- Overseas equities Other trading activities				10,688 ~20781		10,68S ~20781	7,611 28 096
Total iacome				3~596 00	3~01076	~397576	7972019
EXPENDITURE
Charitable activities				3,062815	301,076	3463/91	7,395,036
Raising funds
- Fundraising costs -Investment managers		fees		449,627 ~16687		449,627 ~16687	417,595 16546
Total expeaditure				3~52$629	3~01076	3~29705	7S29 177
				67,871		67471	142,842
Gains on investment	assets			~458 105		458 805	7DI 808
Net income				525,976		525,976	844,650
Other recognised (losses)/gains
(Losses) on foreign exchange				(649)		(649)	(1,216)
Gains/(losses) on forward exchange
contracts				~44 840		~44 40	~105 549
Net movement in funds				570,167		570,167	737,$85
Reeoaciliatiou offunds
Fund balances st 1st	January 2020			~5157 17	~15S89	5~173706	4 435 821
Fund balaaces at 31st		December 2020

		2020	2019
			f.
TURNOVER		3W6,656	7,879,399
Campaign costs, fundraising,	administration
and general expenses		~3829705	7829 177
OPERATING SURPLUS		(3,049)	50,222
(Losses)/gains on sale ofinvestments		(94,185)	86,338
(Losses) on foreign exchange		(649)	(1,216)
Interest receivable and income	from investments	~70920	92620
(DEFICIT)/SURPLUS FOR	THE FINANCIAL		279 4
YEAR

		STATEMKNT OFCOMPRKHENSIVE	INCOME
			2020 8	2019f
(Deficit)/surplus		for the year	(26,963)	227,964
Unrealised	gains	on revaluation ofinvestments	5520291	615,470
Gain/(loss)	on forward exchange contracts		4~4839	105549
Total recognised		gains for the year

	Notes		2020	2019f
FIXEDASSETS
Tangible assets investments			169,455 ~5034 4	181,565 4 132482
CURRENT ASSETS			5403,689	4,314,047
Stack Debtois Cash at bank and in hand	9	8,145 88,489 ~511188		7,986 172,422 789603
		607822		970,011
CURRENT LIABILITIES
Creditors: Amounts falling due within one year	10	~67638		110352
NET CURRENT ASSETS			~540 184	859 659
TOTAL ASSETS
LESSCURRENT LIABILITIES
THE FUNDS OFTHE CHARITY
Restricted funds	14		~15889	15889
Unrestricted funds Revaluation reserve			4,473,587 ~15~4397	4,414,331 743486
Total unrestricted funds	15		~5727 984	5 157817
TOTAL CHARITY FUNDS

		Note	f		2019
Net cash from operating	activities	19		97+24	51,803
Cash liow from investing	activities
Purchase oftangible assets Purchase offixed asset investments			(2,863) (798,087)		(2,656) (725,934)
Proceeds from disposal
offixed asset investments			354r440		922,711
interest received
and income from investments			~70920		92620
Net cash (used)/gained iu	investiag
activities				375 90	286 741
Net (decrease)/increase
in cash and cash equivalents				(277,766)	338,544
Cash and cash equivalents
at the beginning ofyear				789,603	452,275
Exchange (losses)				~649	I 216
Cash and cash equivalents
at end ofyear

			Uarestricted	Restricted
			Funds	Funds	Total
		Notes	2019	2019	2019
					f
INCOMK
Donations and legacies
—Donations and grants - Legacies Investments			2,548,118 903,692	4499,493 -	6,947,611 903,692
-Interest
- Cash deposits - UK Fixed Interest Securities -Overseas Fixed Interest Securities - Dividends			1,989 21,029 2,956		1,989 21,029 2,956
- UK equities -Overseas equities Other trading activities			59,035 7,611 ~28096		59,035 7,611 ~28 096
Totalincome			~372 26	~499493	~7972019
EXPENDITURE
Charitable activities Raising funds			2,981,432	4,413,604	7495,036
- Fundraising costs - Investment managers	fees		417,595 ~16 46		417495
Total expenditure			3~415573	~4413604	~729 177
			156,953	(14,111)	142842
Gains on investment assets			~701808		~701 $08
Net income/(expenditure)			858,761	(14,111)	844,650
Other recognised gains
Profit on foreign exchange Gains on forward exchange contracts			(1921@ ~1955~49	-	(1416) ~lll5 49
Net movement in funds			751,996	(14,111)	737,8S5
Reconciliation offunds
Fund balances at 1stJanuary 2019			~4405 821	~30000	~4435 21
Fund balances at 31stDecember 2019

Expenditure
				Uarestricted	Restricted	Total
				Funds	Funds	2020	2019
				0		8	f
Charitable Activities
Campaign costs				2,656,175	301,076	2,957$,51	6,927,7I I
International development			costs					250
Educational costs				143475		143475	127,84I
Travel and accommodation				1@45		1445	43,040
Support costs				~261420		~261420	296 194
				~3062 15	3~01076	3~63 91	7395	036
Raising funds
Fundraisiug costs:-
Appeal and other costs				249,486		249,486	209,002
Support costs				~200 141		211114i	208	593
				~449627		~449 627	417	595
Investment managers		fees		~16687		~16687	16	546
Total
nalysis ofSupport Costs
				Charitable	Fundraising	Total
				Activities	Costs	2020		20I9
						8
Staffcosts				177,165	172,058	349423		341,I96
Premises costs				7,535	2,512	10,047		13,113
Once administration	costs			13,142	4480	17422		25,702
Insurance				8,471	2,823	11494		14,753
Database, development
and computer costs				10,600	3,533	14,133		46,207
Motor expenses				2,755	918	3,673		4,753
Depreciation				11431	3,743	14,974		17,205
Bank charges				20,427	6,809	27436		25,527
Professional fees				378	126	504		1,656
Audit and accountancy Sundry expenses		fees		6455 ~3461	2,085 ~1154	8/40 ~4615		8,104 6 57I

.Tangible Fixed Assets
Cost			Freehold Property	Plant tfs Machinery f	Motor Vehicles	Support Boat f,	Totalf
At lstJanuary 2020 Additions Disposals			216,430	99,564 2,864	32,000	11+95	359489 2,864
At 31stDecember 2020			2~16430	~102428	3~2000	~11 95	~362 53
Depreciation
At 1stJanuary 2020 Charge for the year On disposals			82,130 4487	65,518 7482	18,781 3405	11495	177dt24 14,974
At 31stDecember 2020			~86417	~72 900	~22 086	~11 95	~192798
Net BookValse
At 31st December 2020
At 31st December 20I9
nvestments
Market value at 1stJanuary 2020 Acquisitions Less: Disposals						2020 f 4,132,482 798,087 ~448 62rt5r	20I9 f 3,627,45 I 725,934 ~836373
Net unrealised gain on revaluation						4,481,944 ~552 90	3,517,012 615470
Market value oflisted investments		at	3Ist December 2020				4~4
Historical cost at 31stDecember2020							3~9
All investments are listed	on a recognised stock			exchange.
An analysis ofinvestments	is as follows:
IIK Investments 774JI65 2~438596 Debt Instruments Equities		2020 Overseas Invest tn eats f 210,961 ~1609812		Totalf 985,826 ~4048408	UK Investments f 629,484 I 357 I49	2019 Overseas love%ments 144,775 2 00I 074	Totalf 774359 3~358223
						~4	~4

9.	Debtors
			2020	2019
	Derivative asset Other debtors Prepayments and accrued income		3,655 77399 ~735	166,200 6222
10.	Creditors: amounts	falling due within one year
			2020	2019
				f
	Trade creditors Derivative liability Other taxes and social Other creditors Accruals	security costs	30,712 20,401 1420 ~15 05	38,667 41,184 17,540 79 12882

13.	Financial	Financial	Instruments
	Financial		assets measured	at fair value
	through	income account


Financial Instruments				2020 f	20)9
Financial assets measured	at fair value
through income account
Restricted Funds
		At 1st			At 31st
		January	Income	Kxpenditure	December
		2020 f			2020f
Orangutan Conservation			5,660	(5,660)
PPE Indonesia			2,000	(2,000)
Plant A Tree - indonesia			6,000	(6,000)
india: Dancing Bears			249,122	(249,122)
Armenia Bears			38494	(38I294)
Orangutan Release Programme		~15889			~15 89

		At 1st			Unrealised	At 31st
		January			aud realised	December
		2020 f	Income f	Expenditure f	gainsf	2020
General	Fund

				2020	2019
				f,	I
Operating	(deficit)/surpIus			(3,049)	50,222
Depreciation				14,974	17,205
(Increase)	in stocks			(159)	(1,123)
Movement	on derivative		asset	44,839	(105,549)
Decrease	in debtors			83,933	66,799
(Decrease)/increase		in creditors		~42 714	24 249

			2020		2019
INCOME
Direct mail appeals			795,408			623,477
Committed gifts			47$,439			471,117
Donations from individuals	and companies		969,099			593,893
Gift aid			246,102			216,963
Grants from trusts and foundations			73,689		4,867,011
Legacies			1,131,453			903,692
Fundraising events			111,6S5			175,150
Merchandise and promotions			20,781			28,096
Investment income			70410			90,631
Interest received			410			I 989
Total income			3~897 76		7	972019
EXPENDITURE
Campaign costs:
India —Dancing Bear Project		616495		488,610
Indonesia —Primate Rescue		1,800482		5,963,270
Costa Rica —Refuge for Wildlife		113,482		105,795
Armenian Bear Project		198,$68		143,668
Catastrophes Cat Rescue		188,409		189,400
Other project costs		39,715		36,968
International development	costs			250
Educational costs Travel and accommodation		143475 ~145		127,$41 43 040
			3,101,971		7,098,842
Fundraising costs:
Appeals costs		179,474		139,962
Exhibition, and advertising	costs	38380		31,343
Web, affinity and legacy costs		5415		4,730
Cost oftrading		6,836		11,901
Investment managers fees		16,687		16,546
Sundry fundraising		~194SI		21 066
			266,173			225,548

			2020		2019
Overheads:
Salaries, national insurance		and pensions	349/23		341,196
Printing, postage and stationery			13381		21,250
Computer and website	costs		14,133		46,207
Rates			1,533		1,509
Light and heat			2,830		2,594
Repairs and maintenance			5,684		9,010
Insurance			11494		14,753
Telephone and internet			4441		4,452
Motor expenses			3,673		4,753
Audit and accountancy	fees		8440		8,104
Legal and professional	fees		504		1,656
Sundry expenses			4,615		6,571
Profit on foreign exchange			649		1,216
Bank charges			27436		25,527
Depreciation			14,974		17,205
Deficit/(surplus)
on disposal offixed asset investments			~94 185		~86338
				556 95		419665
Total expenses				3~924 39	7	744 055
Net (deficit)/surplus